Riyadh's retail property market is a dynamic and progressing landscape, providing a myriad of chances for savvy financiers. Based on the thorough benchmarking report, here are some crucial characteristics forming this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a vast array of residential or commercial property sizes, from large-scale malls like Granada Center Mall with a Gross Leasable Area (GLA) of approximately 100,000 m ², to smaller sized retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m ². This diversity accommodates a broad spectrum of consumer needs and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single area but are spread throughout the city. This distribution allows for a varied financial investment technique, targeting various demographics and socio-economic sectors.
Growth Prospects: The retail sector in Riyadh is growing, driven by aspects such as increasing population, urbanization, and a shift in consumer costs habits. This development trajectory suggests a promising future for retail financial investments in the area.
Quality and Standards: The chosen residential or commercial properties for the study are kept in mind for their high standards and quality tenants. This element is essential as it influences foot traffic, occupant retention, and general residential or commercial property worth.
Catchment Areas

Catchment locations are a crucial aspect of retail genuine estate, particularly for malls, as they directly affect the prospective success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these areas is vital for financiers.

Here's what the report exposes about catchment areas:

- Definition and Importance: A catchment area is the geographical area from which a shopping mall or retail center draws its consumers. It's considerable since it impacts foot traffic, sales potential, and ultimately, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping center sticks out with its catchment location covering a remarkable 40.5% of Riyadh's population. This high portion indicates its considerable impact and reach within the city.
- Al Nakheel Mall: With a catchment area that includes 35% of the city's population, Al Nakheel Mall is another key gamer in Riyadh's retail landscape. Its substantial coverage demonstrates its significance as a retail location.
- Riyadh Park Mall: This shopping center has a catchment that includes 32.1% of Riyadh's population, marking it as a major destination in the city's retail sector.
- Captive Population: Looking deeper into the numbers, Granada Center Mall has the greatest share of a captive population, totaling up to 23.8% of Riyadh's overall population. This suggests a strong devoted customer base that primarily frequents this shopping mall over others.
Quotation from the Report:

- "The Granada Center Mall covers 40.5% of the population."
- "Al Nakheel Mall covers 35% of the population followed by Riyadh Park Mall with 32.1% protection."
- "The Granada Center Mall has the greatest share of captive population of Riyadh City with 23.8%.".
Lease Rates and Occupancy Trends

In the Riyadh retail real estate market, understanding lease rates and occupancy trends is important for making educated financial investment choices.

- Granada Center Mall: As of August 2022, this shopping center, being among the largest in Riyadh, shows an occupancy rate of 64%. It's essential to keep in mind that some parts of the shopping center were under restoration at the time, which might have affected this figure.
- Riyadh Park Mall: This shopping center, currently the biggest in terms of Gross Leasable Area, has an outstanding occupancy rate of 91.2%, showing high tenant retention and consistent consumer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this mall stands as another crucial player in the market, showing a strong and steady tenant base.
- Al Nakheel Mall: This residential or commercial property, important to the Arabian Center Group, reported a tenancy rate of 82.0%, showcasing its robust standing in the market.
- Lease Rates: While particular figures for lease rates per m two annually aren't attended to each shopping center, the report indicates that all the shopping malls consisted of follow a comparable prices structure. This harmony recommends a market standard, which can be a critical aspect for financiers when evaluating the prospective return on financial investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd biggest shopping mall in Riyadh according to the Gross Leasable Area." [Granada Center Mall]
- "Another large mall in Riyadh. The occupancy is great at 93.3%." [Riyadh Gallery Mall]
- "A crucial residential or commercial property for the Arabian Center Group (Al Hukair Group)." [Al Nakheel Mall]
Investment Opportunities: Case Studies

Case Study 1: Riyadh Park Mall

Riyadh Park Mall stands as a shining example of a successful retail financial investment in Riyadh's busy market. Here's an extensive look at its characteristics, making it a noteworthy case research study:

- Location and Area: Situated on Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal, Riyadh Park Mall is strategically situated. It boasts an acreage of 139,118 m ², providing ample area for a diverse variety of retail and home entertainment choices.
- Size and Structure: The mall includes a total built-up area of 241,220 m ² and a Gross Leasable Area (GLA) of 105,290 m ². This considerable size is dispersed across three floors, providing a vast selection of leasing alternatives.
- Leasable Area Distribution: The leasable location is divided as follows:.

• First Floor: 38,499 m ²
  . -Ground Floor: 63,687 m ²
  . -Basement: 3,103 m ²
  . -This distribution permits a diverse mix of retail, dining, and entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a considerable number of anchor stores, further improving its appeal. The diversity in its renter mix deals with a broad spectrum of customer preferences.
  - Occupancy Rates: As of August 2022, the shopping center had a high tenancy rate of 91.2%. This is indicative of its popularity amongst sellers and consumers alike, recommending a steady stream of foot traffic and consistent revenue generation.
  - Investment Appeal: Given its tactical location, sizable GLA, varied renter mix, and high tenancy rate, Riyadh Park Mall represents a robust financial investment opportunity. Its success aspects serve as a guide for what financiers must search for in possible retail residential or commercial property financial investments in Riyadh.
  Quotation from the Report:
  
  - "Address: Parcel No 418, Riyadh Park Mall, Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal".
  - "Land Area: 139,118 m2".
  - "Total Built-up Area: 241,220 m2".
  - "Gross Leasable Area: 105,290 m2".
  - "Occupancy (Aug 2022): 91.2%".
  Case Study 2: Granada Center Mall
  
  Granada Center Mall, a prominent retail location in Riyadh, provides valuable insights into the city's retail realty market. Let's check out why it stands as a significant case research study for prospective financiers:
  
  - Prime Location: The mall lies in Dammam, Ash Shohda, Ar Rawdah, strategically positioned to draw in a broad client base.
  - Extensive Area: Covering an acreage of 421,330 m ², Granada Center Mall is one of the biggest in Riyadh. It has an overall built-up location of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The shopping mall's comprehensive leasable location is attentively dispersed over two floorings, improving the shopping experience. The floor-wise circulation is as follows:.
  
• First Floor: 60,027 m TWO
  . -Ground Floor: 42,052 m ²
  . -Tenant Diversity: The shopping mall hosts a variety of occupants, consisting of regional and global brands, which deals with a broad demographic, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partially under remodelling, the shopping center preserved a 64% occupancy rate since August 2022. This figure is most likely to improve post-renovation, making it an for future growth.
  - Investment Potential: Granada Center Mall's size, location, and renter mix position it as a strong competitor in Riyadh's retail market. Its large GLA and restoration plans signal potential for worth gratitude, making it an attractive choice for financiers.
  Quotation from the Report:
  
  - "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
  - "Acreage: 421,330 m TWO ".-" Total Built-up Area: 318,064 m ² ".-" Gross Leasable Area: 102,080 m ² ".-" Occupancy (Aug 2022): 64% (some parts of the shopping center under restoration)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a key retail residential or commercial property in Riyadh, emerges as an interesting case study for investors. Here's a detailed exploration of its functions:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this mall advantages from its position in a populous and wealthy area of Riyadh.
  - Substantial Size and Offering: The mall covers a land area of 238,769 m ² with an overall built-up area of 299,448 m two and a Gross Leasable Area (GLA) of 81,322 m TWO. This comprehensive size helps with a diverse variety of retail and leisure offerings.
  - Leasable Area Distribution Across Floors:.
  
• Second Floor: 20,767 m ²
  . -First Floor: 58,463 m TWO
  . Ground Floor: 2,091 m ²- This distribution caters to various retail and leisure experiences, interesting a broad consumer base.
  
• Tenant Diversity: Al Nakheel Mall's tenant mix consists of a variety of regional and global brand names, bring in a diverse group of consumers and making sure stable tramp.
  - Occupancy and Investment Potential: As of August 2022, the mall reported a tenancy rate of 82.0%. This reasonably high occupancy rate, combined with its size and area, marks Al Nakheel Mall as an appealing financial investment opportunity in the Riyadh retail market.
  - Additional Considerations: The shopping mall becomes part of the Arabian Center Group, including to its credibility and appeal. Its big GLA and varied tenant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.
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